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Federal Reserve Chairman Jerome Powell delivers his latest views on the economy Tuesday morning to a virtual gathering of the National Association for Business Economics.
The official topic of the speech is "Global Reset? Economics, Business and Policy in the Pandemic" and comes amid a change in Fed policy that will keep short-term interest rates anchored near zero for years. At its most recent meeting, in September, the Federal Open Market Committee said it will seek to average inflation at more than 2%, meaning it won't hike rates until inflation stays meaningfully above that target for a period of time.
In addition to prepared remarks, Powell also will take questions from a moderator.
Read more:
'Massively concerning' jobs report sends a signal that the economic recovery could be fading
Fed's Daly calls for more fiscal help to get the economy out of a 'big ditch'
Powell pledges the Fed's economic aid 'for as long as it takes'
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October 06, 2020 at 09:31PM
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Watch Fed Chair Jerome Powell talk rates, the economy and pandemic stimulus live - CNBC
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